Reliance Anil Dirubhai Ambani Group (ADAG)
Index : 423 | 1Yr : -57.3% | 1Mo : +2.09%
Category : Groups & Conglomerates
Min Investment : 1,217
The group was formed after the legendary Dirubhai Ambani's business was divided after his demise in 2002. It is headed by Anil Dirubhai Ambani who is the younger of his two sons. The group has interests in telecom, financial services, infrastructure, defence, aviation and transportation services.
They are well known to to have ambitious plans and they enter new businesses with all guns blazing. The decisions taken in the early days and the prevailing circumstances certainly affected the group's performance and faced criticism for their actions. Their fast paced foray into different sectors has created many execution challenges. Their Inorganic expansion via acquisitions is seen with prying eyes by all as these businesses will require exceptional talent to manage and a big debt reduction. Whether the group will succeed will be known with time but Reliance ADAG is surely a serious force to reckon with in mainstream corporate India.